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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
15500 Commerce Park Dr Brook Park, OH 44142-2013
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1137294
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
TYPE NOT SPECIFIED
Total area
4,200 SF
Lot
0.8 ac (34,960 SF)
Zoning code
U5-C
APN
343-07-001
UPID
US66-1137294
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$372k
Blend (final)
Blend
$520k
Owner & transaction history
Mag Real Estate Holdings II Ltd · 3 yrs held
Mag Real Estate Holdings II Ltd
since 2023
Last sale
$510,000
4 recorded transactions
Zoning & alternative use
U5-C · Brook Park, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brook Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brook Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$600,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $510k (Apr 3 2023)
Last sale anchor
$510k
Apr 3 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,281
Tax year 2023
Assessed value
$183,470
Assessed 2023
Previous assessed
$183,470
+0.0% YoY
Effective rate
8.33%
On assessed value
Assessed land
$21,630
Assessed improvement
$161,840
Land market value
$61,800
Improvement market value
$462,400
Total market value
$524,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,200 SF
Lot
0.8 ac (34,960 SF)
Zoning code
U5-C
APN
343-07-001
UPID
US66-1137294
Jurisdiction
CUYAHOGA
Zoning & alternative use
U5-C · Brook Park, OH
Zoning U5-C · permitted uses
U5-C · Brook Park, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brook Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Mag Real Estate Holdings II Ltd
Entity
Mailing address
15500 COMMERCE PARK DR, BROOKPARK, OH 44142-2013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 3, 2023
$510,000
Mag Real Estate Holdings II Ltd
Mg 15500 Commerce LLC
Warranty Deed
$700,000 · Cibc Bank USA
Mar 16, 2016
—
Mg 15500 Commerce LLC
Gorbulja,mickael
Quit Claim Deed
related
—
Jul 25, 2014
$200,000
Gorbulja,mickael
Marcus,ernest L
Warranty Deed
$248,570 · Velocity Com'l Cap
Jul 31, 2006
—
Mickael Gorbulja
Gorbulja Wadymyr Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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